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REGISTERED NUMBER: 03952886 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023

FOR

CASTLE VILLAS LIMITED

CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CASTLE VILLAS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023







DIRECTOR: Mrs S Hussain





REGISTERED OFFICE: 1 Gatehead Farm
Sowerby Bridge
Halifax
West Yorkshire
HX6 2RL





REGISTERED NUMBER: 03952886 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Suite 1, Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886)

BALANCE SHEET
27 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,127,486 1,113,764
Investment property 6 1,606,151 985,636
2,733,637 2,099,400

CURRENT ASSETS
Stocks 3,960 3,960
Debtors 7 893,047 665,495
Cash at bank and in hand 471,496 737,199
1,368,503 1,406,654
CREDITORS
Amounts falling due within one year 8 (302,754 ) (376,163 )
NET CURRENT ASSETS 1,065,749 1,030,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,799,386

3,129,891

CREDITORS
Amounts falling due after more than
one year

9

(77,377

)

(118,510

)

PROVISIONS FOR LIABILITIES (89,458 ) (69,494 )
NET ASSETS 3,632,551 2,941,887

CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886)

BALANCE SHEET - continued
27 MARCH 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 11 1,200 1,200
Fair value reserve 12 207,286 228,432
Retained earnings 3,424,065 2,712,255
SHAREHOLDERS' FUNDS 3,632,551 2,941,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2024 and were signed by:





Mrs S Hussain - Director


CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023

1. STATUTORY INFORMATION

Castle Villas Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER
Turnover represents net sales of services, the company is not registered for value added tax.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life down to its anticipated residual value.

Land and buildings - Land - Nil, Buildings - 2% straight line

Plant and machinery etc - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation
and accumulated impairment losses. Cost includes costs directly attributable to making the asset
capable of operating as intended.

GOVERNMENT GRANTS
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023

2. ACCOUNTING POLICIES - continued

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

The methods and significant assumptions used to ascertain fair value of £1,606,151 and fair value movements of £-5632 included in the profit for the year were valued by the directors on an annual basis.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 43 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 March 2022
and 27 March 2023 551,800
AMORTISATION
At 29 March 2022
and 27 March 2023 551,800
NET BOOK VALUE
At 27 March 2023 -
At 28 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 29 March 2022 1,149,993 452,690 1,602,683
Additions - 65,412 65,412
At 27 March 2023 1,149,993 518,102 1,668,095
DEPRECIATION
At 29 March 2022 181,230 307,689 488,919
Charge for period 10,306 41,384 51,690
At 27 March 2023 191,536 349,073 540,609
NET BOOK VALUE
At 27 March 2023 958,457 169,029 1,127,486
At 28 March 2022 968,763 145,001 1,113,764

CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 March 2022 985,636
Additions 626,148
Revaluations (5,633 )
At 27 March 2023 1,606,151
NET BOOK VALUE
At 27 March 2023 1,606,151
At 28 March 2022 985,636

Fair value at 27 March 2023 is represented by:
£   
Valuation in 2022 985,636
Valuation in 2023 620,515
1,606,151

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 689,464 519,195

Amounts falling due after more than one year:
Other debtors 203,583 146,300

Aggregate amounts 893,047 665,495

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,269 84,436
Trade creditors 235 435
Taxation and social security 233,890 246,483
Other creditors 48,360 44,809
302,754 376,163

CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 77,377 118,510

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 97,646 202,946

Outstanding loans are secured by fixed and floating charges over the assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
1,200 1,200

12. RESERVES
Fair
value
reserve
£   
At 29 March 2022 228,432
Movement in the year
(net of deferred tax) (21,146 )

At 27 March 2023 207,286

CASTLE VILLAS LIMITED (REGISTERED NUMBER: 03952886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 MARCH 2022 TO 27 MARCH 2023

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 27 March 2023 and the year ended 28 March 2022:

2023 2022
£    £   
Mrs S Hussain
Balance outstanding at start of period 519,195 451,775
Amounts advanced 236,334 67,420
Amounts repaid (66,608 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 688,921 519,195